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Apple Inc. (NASDAQ:AAPL): According to Baird’s channel checks, Apple iPad and iPhone 5 procurement orders are near the Baird’s shipment forecast but lower than the Street’s consensus. Now, the firm predicts that a higher mix of iPad minis along with the possibility of a lower-end iPhone will show a negative impact on both revenues and margins. The firm give the stock a Neutral rating and a $465 price target on the stock.
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